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☆ Amid headwinds in China and a sluggish stock price, investors look to Apple’s earnings for signs of hope
▼ + stars: | 2024-05-02 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +4 min

CNN —Even though Apple has silenced critics and beaten existential crises before, some fans of its minimalist products and investors in its maximalist stock are nervous. Analysts are expecting low sales figures for the quarter ending March 31 – despite the company beating expectations in the last four quarters. This will be its first earnings report since the launch of its biggest new product in years, its $3,499 mixed reality Vision Pro headset. Market research firm IDC said Apple’s smartphone shipments tumbled a stunning 10% globally in the first quarter of this year. All eyes on AIAccording to David McQueen, research director at tech intelligence firm ABI Research, the company could spark sales growth soon.

Persons: Apple, Ming, Chi Kuo, “, ”, Nabila Popal, David McQueen, OpenAI Organizations: CNN, Apple, IDC, Huawei, Xiaomi, Samsung, ABI Research, Developers Conference, ChatGPT Locations: China, Hollywood

☆ iPhone sales are plunging. Here’s why
▼ + stars: | 2024-04-15 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +3 min

CNN —Apple’s smartphone sales tumbled 10% last quarter, according to market research firm IDC, as sales in China fell sharply. Apple took the crown last year – but only for one quarter, as Samsung took the spot back. Samsung occupied about 20.8% of market share (or 60.1 million shipments) during the quarter, followed by Apple with 17.3% (50.1 million shipments). China remains an important market for Apple as it is the largest market behind the US. “As the overall smartphone market recovers this year, with a strong focus on AI, Samsung is in good position to grow further this year,” she added.

Persons: “, ”, Nabila Popal, “ It’s, ” Popal, Xiaomi, Loren Elliott, Huawei’s, Popal, “ We’re Organizations: CNN, IDC, Apple, Samsung, Android, Galaxy, Huawei Locations: China, San Jose , California, U.S, China . China, United States

☆ Apple flexes its new No. 1 smartphone maker status and makes a rare move in China
▼ + stars: | 2024-01-17 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Apple became the world's largest smartphone maker in 2023 for the first time ever. Despite a rough start to 2024, we think the company can build on this momentum in the U.S. and China. Apple's frontrunner status was confirmed in separate industry research reports from International Data Corporation (IDC) on Monday and Canalys on Tuesday. To be sure, Apple's iPhone is facing intensified competition in China as domestic players like Huawei and Xiaomi have started offering high-end alternatives. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Apple, Canalys, Nabila Popal, Will Apple, Jim Cramer's, Jim Cramer, Jim, Eduardo Munoz Organizations: Samsung, International Data Corporation, IDC, IDC's, Huawei, Apple, Big Tech, Microsoft, Xiaomi, Apple Watch, CNBC Locations: U.S, China, India, New York

☆ Apple steals the smartphone crown from Samsung, ending a 12-year run
▼ + stars: | 2024-01-16 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Apple was the top dog in the global smartphone market for 2023, according to IDC shipments data. It's the first time a company has overtaken Samsung in worldwide smartphone shipments since 2010. Apple closed out 2023 with record-high smartphone market share despite the overall market for phones decreasing. Apple is the "biggest winner" of the year in the smartphone race, IDC research director Nabila Popal said. Overall, the smartphone market declined 3.2% year-over-year — a decade low, according to the IDC.

Persons: Apple, —, Tim Cook, Nabila Popal, Popal, Cook, Barclay Organizations: IDC, Samsung, Apple, Service, International Data Corporation, Huawei Locations: China

Apple shares, which have risen 37% so far this year, dropped 3.4% after-hours, following the forecast. Maestri said Apple expects to have higher iPhone sales for the fiscal first quarter, even though this year's holiday quarter has one fewer week of sales than the year-ago. Cook said the company's new high-end handset models - the iPhone 15 Pro and Pro Max devices - are facing supply constraints. Apple's sales in China fell to $15.08 billion from $15.47 billion in the fourth quarter a year ago. Cook said that after accounting for foreign-exchange rates, Apple's business in China grew year-over-year, driven by iPhone sales and services revenue.

Persons: Tim Cook, Apple, Cook, Luca Maestri, Bob O'Donnell, Davidson, Tom Forte, Aly, Max, Nabila Popal, Lionel Messi, Stephen Nellis, Yuvraj Malik, Sayantani Ghosh, Peter Henderson, Matthew Lewis, Leslie Adler Organizations: Huawei, Apple, TECHnalysis Research, Mac, REUTERS, Huawei Technologies, U.S, Reuters, Pro, Apple Watch, Thomson Locations: China, Cupertino , California, Shanghai, San Francisco, Bengaluru

☆ Apple's iPhone seen gaining market share in India as Pro model demand rises
▼ + stars: | 2023-09-22 | by ( Yuvraj Malik | ) www.reuters.com time to read: +2 min

REUTERS/Francis Mascarenhas/File Photo Acquire Licensing RightsSept 22 (Reuters) - Apple (AAPL.O) is expected to gain a larger share of India's smartphone sales, with the high-end iPhone 15 Pro and Pro Max models accounting for more of its shipments. The tech giant has been touting India as its next big growth driver amid declining sales of its flagship device. Wait times in India for Apple's latest 15 Pro and Pro Max models, that go on sale Friday, are stretching up to late October, mirroring trends seen in China and the U.S. Still, Apple has a long way to go before the country could bring in sales seen in the company's major markets. Morgan Stanley, in a note earlier this month, estimated that Apple's revenue from India is about half that of China.

Persons: Francis Mascarenhas, Max, Tim Cook, Apple, Morgan Stanley, Yuvraj Malik, Shounak Dasgupta Organizations: Apple, REUTERS, Reuters, Apple's, Counterpoint, IDC, Samsung, Thomson Locations: Mumbai, India, China, U.S, Bengaluru

☆ Samsung reports 95% drop in profit, but expects global demand to recover in second half of the year
▼ + stars: | 2023-07-27 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

A Samsung Galaxy Z Fold 5 smartphone, left, a Galaxy Z Flip 5 smartphone during the Galaxy Unpacked event in Seoul, South Korea, on Wednesday, July 26, 2023. Both DRAM and NAND flash memory chips also saw "more limited price drops" which improved second-quarter performance, compared with the first quarter, Samsung said. Weak electronics demandSamsung said that overall mobile phone market demand declined from the first quarter due to continued macroeconomic challenges such as inflation. Inflation has led to consumers cutting back on purchases of these goods, driving down prices for memory chips. Focus on premium foldable phonesSamsung said it will focus on the newly launched high-end Galaxy Z Flip 5 and Galaxy Z Fold 5 series to cement its leading position in the global foldable smartphone market.

Persons: SeongJoon Cho, Nabila Popal, Bryan Ma Organizations: Samsung, Galaxy, Apple Inc, Bloomberg, Getty, International Data Corporation, Micron, SK Hynix, IDC Locations: Seoul, South Korea, China

☆ Why foldable phones are so incredibly expensive
▼ + stars: | 2023-05-21 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +5 min

“I’ve owned practically every Pixel device,” said Pantons, 33, who has posted hundreds of YouTube videos about Pixel phones and other tech products. Premium partsThe flexible screen found on foldable phones is one of the biggest reasons why they cost so much. And the Google Pixel Fold has two: a 5.8-inch cover display and a 7.6-inch inner display. The new Google Pixel Fold phone Justin Sullivan/Getty ImagesOther components unique to foldables also drive up the cost. Foldable phones are also notoriously fragile.

☆ Smartphone shipments plunge to a low not seen since 2013 — their largest ever decline
▼ + stars: | 2023-01-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Apple maintained its position as the world's largest smartphone maker by shipments in the fourth quarter of 2022, according to IDC. Global smartphone shipments plunged in the fourth quarter of 2022 — usually a big holiday shopping period — thanks to macroeconomic weakness and soft consumer demand, according to market research firm IDC. The U.S. tech giant shipped 72.3 million iPhones in the fourth quarter, down 14.9% year on year, IDC said. Samsung, the second-largest smartphone player, saw shipments decline 15.6% year on year to 58.2 million units. That was the biggest decline among the top five smartphone players, which also include Chinese smartphone makers Oppo and Vivo.

☆ Apple is going to keep cozying up to the Chinese government, no matter how much it says it's investing in America, India, and other countries
▼ + stars: | 2022-12-12 | by ( Emilia David | Asia Martin | ) www.businessinsider.com time to read: +6 min

Apple, which enjoys about 50% market share in the US and many other countries, still has room to run in China. Apple willing to play ball with China's governmentWhile pursuing the Chinese consumer, Apple has made concessions to the Chinese government. But in China, it offloaded iCloud servers to a Chinese state-owned company to comply with Chinese regulations. Popal said Huawei was the first Chinese brand to shake off the perception that Chinese phones were cheap. But with hundreds of millions of potential customers left to convert to iPhone users in China, Apple will absorb the hits.

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